In Canada's remote north, residents have long paid dearly for food, and rising prices have worsened an already dire situation, exposing the vulnerability of one of the world's biggest exporters of grains and meat.
In Canada's remote north, residents have long paid dearly for food, and rising prices have worsened an already dire situation, exposing the vulnerability of one of the world's biggest exporters of grains and meat.
The United Nations, Turkey, Russia and Ukraine issued long-awaited procedures on Monday for merchant ships exporting Ukrainian grain and fertiliser through the Black Sea, according to a document seen by Reuters. "The Parties will not undertake any attacks against merchant vessels or other civilian vessels and port facilities engaged in this initiative," the document said.
Crop Watch producers in the western U.S. Corn Belt trimmed crop ratings across the board after a hot and mostly dry week last week, though recent rains have bolstered prospects in the east. Western areas are likely to face another hot and dry stretch this week, but cooler temperatures and rain chances in the east should prevent stress on those crops into mid-month.
Tyson Foods Inc (TSN) quarterly revenue beat estimates on Monday, as demand for its chicken and beef remained steady in the face of decades-high inflation. Packaged food makers have so far faced little pushback from consumers on price increases forced by surging costs, but analysts have raised concerns the companies could be approaching price ceilings as inflation pinches consumers' spending power.
Two more ships, carrying corn and soybeans, departed from Ukrainian Black Sea ports on Monday, Turkey and Ukraine said, taking the total to ten since the first ship sailed last week under a deal with Russia to unblock Ukrainian grain exports.
- International alarm over weekend artillery attacks on Ukraine's Zaporizhzhia nuclear complex grew on Monday with Kyiv warning of the risk of a Chornobyl-style catastrophe and appealing for the area to be made a demilitarised zone.
France on Sunday braced for a fourth heatwave this summer as its worst drought on record left parched villages without safe drinking water and farmers warned of a looming milk shortage in the winter.
The first cargo vessel since the Russian invasion arrived at Ukrainian Black Sea port of Chornomorsk for the future transportation of grain to international markets, Ukraine's Infrastructure Ministry said on Sunday. Earlier on Sunday, four ships carrying Ukrainian foodstuffs sailed from Ukrainian Black Sea ports as part of a deal to unblock the country's sea exports.
Pope Francis on Sunday welcomed the departure from Ukrainian Black Sea ports of the first ships carrying grain previously blockaded by Russia, saying the breakthrough could be a model for dialogue to bring an end to the war in Ukraine.
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